بررسی اثر تعاملی آزادی اقتصادی و سرمایه‌گذاری مستقیم خارجی روی رشد اقتصادی با استفاده از روش گشتاورهای تعمیم یافته

نوع مقاله : مقاله پژوهشی

نویسندگان

1 دانشجوی دکتری اقتصاد دانشگاه اصفهان

2 استادیار گروه اقتصاد دانشگاه بجنورد

چکیده

در این تحقیق، رابطه سرمایه­گذاری مستقیم خارجی، آزادی اقتصادی و رشد اقتصادی در 84 کشور منتخب در دوره 2012-2000 مورد بررسی قرار گرفته و بدین منظور، تأثیر سرمایه­گذاری مستقیم خارجی روی رشد اقتصادی از کانال آزادی اقتصادی و با روش گشتاورهای تعمیم یافته بررسی شده است. نتایج حاصل از برآورد نشان می­دهد که سرمایه­گذاری مستقیم خارجی به تنهایی اثر مثبتی بر رشد اقتصادی ندارد بلکه، اثر سرمایه­گذاری مستقیم خارجی بر رشد اقتصادی به سطح آزادی اقتصادی کشورهای میزبان بستگی دارد. آزادی اقتصادی، کانال اصلی ظرفیت جذب کشورهای میزبان برای بهره­مند شدن از اثرات سرریز بنگاه­های چندملیتی است. همچنین سرمایه­گذاری مستقیم خارجی روی رشد اقتصادی کشو­­رهای با آزادی اقتصادی بالا و بالاتر از متوسط، تأثیر مثبت و معناداری دارد. از بین اجزای آزادی اقتصادی نیز اجزاء مربوط به اندازه دولت، حمایت از حقوق مالکیت، آزادی تجارت بین­المللی و مقررات کار، اعتبار و کسب و کار، بیشترین تأثیر مثبت را بر رشد اقتصادی دارند.

کلیدواژه‌ها

عنوان مقاله [English]

The Investigation of the Role of Economic Freedom in the Influence of FDI on Economic Growth Using the Generalized Method of Moment (GMM) Panel Data Approach

نویسندگان [English]

  • Fariba Nakhaei 1
  • Abdollah Khoshnoodi 2
  • Majid Dashtban 2
1 Ph.D. Student, University of Isfahan
2 Assistant Professor of Economics at Bojnourd University
چکیده [English]

  
In this Research, the relationship between foreign direct investment, economic freedom and economic growth is investigated in a panel of 84 selected countries during 2000-2012. For this purpose, the GMM approach has been applied. More precisely, this paper examines the impact of FDI on economic growth through the channel of economic freedom. Estimation results show that FDI by itself has no positive effect on economic growth. However, the effect of FDI on economic growth depends on the level of economic freedom in the host countries. The main channel of absorption capacity of host countries to benefit from spillover effects of multinational firms is economic freedom. Also FDI has positive and significant effects on economic growth in countries with high economic freedom and countries with higher middle economic freedom. Moreover among components of economic freedom, the components related to Size of Government, Security of Property Rights, Freedom to Trade Internationally, and Regulation of Labor, Credit and Business have the most positive effect on the effect of FDI on economic growth.

کلیدواژه‌ها [English]

  • Foreign Direct Investment
  • Economic Freedom
  • Economic Growth
  • Absorption Capacity
  • The Generalized Method of Moment (GMM) Approach

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